The Royals have signed third baseman Mike Moustakas to a one-year deal.

@royals, 3B Mike Moustakas agree to 1-year deal with a mutual option for 2019, pending physical, @Feinsand reports. https://t.co/ykwM1Xv46U #HotStove pic.twitter.com/ib1xTX7DAD
— MLB (@MLB) March 9, 2018

The deal includes an option for 2019 and will be announced by the team pending a physical. Moustakas signed for $6.5 million in 2018 with a $15 million mutual option for 2019. It also includes incentives.

Moustakas is coming off a year in which he set the club record for home runs for the Royals with 38, but he saw his stock drop significantly as the free-agent market never really got going in the offseason.

He may never have signed with the Royals had the team been able to lock up first baseman Eric Hosmer to a deal, but since the former No. 3 overall pick signed with the Padres, Kansas City had some money to burn